Some people think that an inheritance tax and an estate tax are the same thing, but there are differences. As we stated previously, and estate tax is levied on the entirety of the non-exempt portion of an estate.

Timothy P. Murphy is an estate planning and elder law attorney whose practice emphasizes helping people to build, preserve and pass on their wealth. He works with his clients to accomplish their goals while avoiding unnecessary court proceedings and minimizing or eliminating exposure to death taxes.

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